Brief: Native Mineral Resources Enters JV Exclusivity Agreement For 2 Mine-Ready Project

Native Mineral Resources Holdings

01/11/2023 24:43

Nov 1 (Reuters) - Native Mineral Resources Holdings Ltd
 NMR.AX :
    * ENTERS JV EXCLUSIVITY AGREEMENT FOR 2 MINE-READY PROJECT
    * ASHBY HAS GRANTED EXCLUSIVE RIGHT TO UNDERTAKE DUE
DILIGENCE
INVESTIGATIONS INTO FAR FANNING AND BLACK JACK PROJECTS
    * IF BINDING JV AGREEMENT ENTERED INTO, NMR WILL OBTAIN A
60%
INTEREST IN JV
    * JV AGREEMENT IN RELATION TO FAR FANNING & BLACK JACK
DEPOSITS
NEAR MINE-READY GOLD PROJECTS
    * UPON DELIVERY OF 70,000 TONNES OF >= 0.6G/T AU ORE FROM
TWO
PROJECTS, CO'S JOINT VENTURE INTEREST WILL INCREASE TO 85%

Source text for Eikon:  ID:nASX2JTR6M 
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